Corsair Gaming (NASDAQ:CRSR) Share Price Breaks Below 50-Day Moving Average – Here’s What Happened

Corsair Gaming, Inc. (NASDAQ:CRSR) passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $13.07 and traded as low as $12.07. Corsair Gaming shares last traded at $12.60, with a volume of 1,539,945 shares traded.

Analyst Upgrades and Downgrades

CRSR has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Corsair Gaming from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 24th. Craig Hallum reiterated a “hold” rating on shares of Corsair Gaming in a research note on Friday, August 7th. Robert W. Baird set a $12.00 price objective on shares of Corsair Gaming in a research note on Friday, August 7th. Wedbush boosted their price objective on shares of Corsair Gaming from $8.00 to $13.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of Corsair Gaming from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.00.

Corsair Gaming Trading Down 8.2%

The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 42.00 and a beta of 1.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.04 and a current ratio of 1.75. The business has a fifty day moving average of $13.07 and a two-hundred day moving average of $9.00.

Corsair Gaming (NASDAQ:CRSR) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.16. The firm had revenue of $314.33 million during the quarter, compared to the consensus estimate of $310.47 million. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%. Corsair Gaming’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the business posted $0.01 EPS. Corsair Gaming has set its FY 2026 guidance at 0.850-0.940 EPS and its Q3 2026 guidance at 0.090-0.120 EPS. As a group, equities analysts expect that Corsair Gaming, Inc. will post 0.66 earnings per share for the current fiscal year.

Institutional Trading of Corsair Gaming

Several large investors have recently bought and sold shares of the company. Palisade Capital Management LP purchased a new position in shares of Corsair Gaming in the second quarter valued at $5,407,000. Bank of New York Mellon Corp acquired a new position in shares of Corsair Gaming during the 2nd quarter worth $2,867,000. First Trust Advisors LP acquired a new position in shares of Corsair Gaming during the 1st quarter worth $606,000. BlackRock Inc. acquired a new position in shares of Corsair Gaming during the 2nd quarter worth $75,131,000. Finally, Legal & General Group Plc purchased a new stake in shares of Corsair Gaming in the 2nd quarter worth about $824,000. Institutional investors and hedge funds own 25.66% of the company’s stock.

About Corsair Gaming

Corsair Gaming, Inc develops and sells hardware, peripherals, systems and accessories for gamers, content creators and PC enthusiasts. Its product portfolio includes keyboards, mice, headsets, streaming equipment, gaming furniture, computer components, custom-built PCs and related software.

The company markets products under the Corsair brand and through brands including Elgato, SCUF Gaming, ORIGIN PC and Drop. Elgato focuses on tools for content creation and live streaming, SCUF Gaming produces customizable game controllers, ORIGIN PC builds custom gaming computers, and Drop offers enthusiast-oriented mechanical keyboards and other computer accessories.

Founded in 1994, Corsair serves customers globally through retailers, distributors, online marketplaces and its direct-to-consumer websites.